The SwissBorg token (CHSB) is an ethereum (ERC20) multi-utility token that powers the SwissBorg Ecosystem. The CHSB token aimed to challenge the relationship between people and their investment manager. You can purchase CHSB Tokens on the SwissBorg Wealth app.
The crypto space is designed to inspire by innovative thinking that seeks to correct the unfairness and inequality that existed in the traditional space. We want to give the opportunity to an ordinary individual to take control of their wealth without the need of financial experts. We see a future that will use technology to connect the world and make financial investments, transactions and participation more equitable for token-holders, communities and nations. The CHSB is the masterpiece of that vision.
SwissBorg Wealth App users that hold CHSB Token benefit from special privileges (please refer to the section named utility of that article)
Why will you trust a company to offer access to a new investment world if this company can't make this change for itself?
At SwissBorg we are proud and grateful that we are not backed by a handful of wealthy venture capitalists but by nearly twenty-five thousand individual contributors from the four corners of the globe who each bought our CHSB tokens.
The most important question to ask yourself before buying a cryptocurrency is: what is the purpose of the cryptocurrency I’m buying?
Bitcoin miners are incentivized to mitigate the double-spend problem. Ethereum miners are incentivized to operate a distributed application development platform. These incentive mechanisms and operational governance are called token economics.
Token utilities are a set of mechanism designs to grow the ecosystem:
The value of a utility token depends primarily on the demand for goods or services transacted on the platform and the number of tokens in circulation. Tokens are divisible and the prices of goods or services in terms of tokens can be adjusted, i.e. the price of a token in fiat currency terms can move independently of the price of a particular good or service transacted on the platform. The value of tokens is typically enjoyed by the users.
Protect & Burn mechanism
The CHSB Protect & Burn program is the last part of the equation on, what we believe to be, a successful token economy. In macroeconomics, the law of supply and demand is one of the fundamental drivers and “backbone of the entire market economy” which will equally translate very well to our own token economy.
Simple mathematics: (-) Less supply and (+) more demand = rise in value.
An additional mechanism such as Staking to become a Premium user in the Wealth app increases the likelihood of the CHSB token price increasing over time as the mechanism reduces the circulating supply
We are not only passionate and devoted to innovative products but also innovative business models. We don’t believe today’s corporate models should be eliminated, but that the time for a new kind of venture has come. Something that fits the new model of the sharing economy better, something in between an LLC and a non-profit organization.
Shifting minds and making traditional investors a part of the token economy with a community-centric mindset is a tough challenge and will not happen overnight.
In our view, the future success of the CHSB token will be linked to a few principles:
Token: A token is a unit of value that an organization creates to self-govern its business model, and empower its users to interact with its products, while facilitating the distribution and sharing of rewards and benefits to all of its stakeholders.
DAO: The key objective of a DAO is value creation or production, and to make that happen, there needs to be a specific linkage between user actions and the resulting effects of those actions on the overall value to the organization.
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